Used Auto Dealership and Pawn
5858 Tireman Detroit, MI 48204
For Sale
$350,000
Includes a used auto dealership/pawn shop building plus four secured lots on a busy corner location.
Property Size1,200 SF
Lot Size1.14 Acres
Price / SF$291.67
Days on Market175
Property Features for 5858 Tireman
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 1.14 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1968
Listing Agency:
Real Estate One-Clinton Twp
(586) 783-7888
Listed By:
Jennifer Arnold · License #6501371242
Source:
Xome
Added: Jan 29
Changed: Jul 22
Last Checked: Jul 23 at 4:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One-Clinton Twp
Investment Insights
Based on property information with market context.
This offering includes a used auto dealership and pawn shop with a building of just over 1,200 square feet. The property is set up for an owner-operator or investor, with fully gated outdoor space and multiple use possibilities for the yard area. The seller notes newer electrical, plumbing, A/C, and furnace, with major updates already completed.
The business is located on a busy, high-traffic corner. The four-lot package includes 5858 and 5812 Tireman and 7628 and 7636 Epworth, providing room to expand. The site is described as convenient to major routes between I-96 and I-94, just half a mile from I-75, and minutes from Henry Ford Hospital.
The sale includes pawn license transfers with the business, and the outdoor lots are secured with a metal fence around the perimeter. Multiple yard uses are cited in the remarks, including storage, junk, or tow yard options.
The business is located on a busy, high-traffic corner. The four-lot package includes 5858 and 5812 Tireman and 7628 and 7636 Epworth, providing room to expand. The site is described as convenient to major routes between I-96 and I-94, just half a mile from I-75, and minutes from Henry Ford Hospital.
The sale includes pawn license transfers with the business, and the outdoor lots are secured with a metal fence around the perimeter. Multiple yard uses are cited in the remarks, including storage, junk, or tow yard options.
Key Highlights
- 4 lots on 1.14 acres, included with a used auto dealership & pawn shop business
- Building with just over 1,200 sq ft and rubber roof
- Fully gated, secured with a metal fence around the entire perimeter; outdoor lights included
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.3k | $18.60 |
| − Vacancy | −$1.2k | −$1.00 |
| EGI | $21.1k | $17.60 |
| − OpEx | −$6.3k | −$5.28 |
| NOI | $14.8k | $12.32 |
1,200 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$211.1K
$184.8K – $246.3K
NOI $14,780 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$83.4K
$73.0K – $97.3K
NOI $5,836 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- SALPICON FOOD TRUCKS — 6563 W Warren Ave, Detroit, MI 48210
- Michigan auto clinic — 7041 W Warren Ave, Detroit, MI 48210
- Meade Distributing Co — 6823 W Warren Ave, Detroit, MI 48210
- WEST WARREN AUTO & FAB — 6545 W Warren Ave, Detroit, MI 48210
- Earl's Auto Clinic — 5645 W Warren Ave, Detroit, MI 48210
FAQs
What type of property is this?
Auto shop - Includes a used auto dealership/pawn shop building plus four secured lots on a busy corner location.
Where is this auto shop located?
The property is located at 5858 Tireman Detroit, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4 lots on 1.14 acres, included with a used auto dealership & pawn shop business; Building with just over 1,200 sq ft and rubber roof; Fully gated, secured with a metal fence around the entire perimeter; outdoor lights included
